Mount Yale Investment Advisors LLC purchased a new stake in Duke Energy Corp (NYSE:DUK) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,773 shares of the utilities provider’s stock, valued at approximately $215,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zimmer Partners LP increased its holdings in shares of Duke Energy by 939.3% in the 1st quarter. Zimmer Partners LP now owns 7,110,600 shares of the utilities provider’s stock valued at $550,858,000 after purchasing an additional 6,426,400 shares in the last quarter. Willis Investment Counsel increased its holdings in shares of Duke Energy by 1.2% in the 1st quarter. Willis Investment Counsel now owns 190,489 shares of the utilities provider’s stock valued at $14,757,000 after purchasing an additional 2,303 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Duke Energy by 48.8% in the 1st quarter. Earnest Partners LLC now owns 55,482 shares of the utilities provider’s stock valued at $4,298,000 after purchasing an additional 18,206 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Duke Energy by 1.2% in the 4th quarter. Deutsche Bank AG now owns 6,427,804 shares of the utilities provider’s stock valued at $540,637,000 after purchasing an additional 78,580 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of Duke Energy in the 4th quarter valued at about $3,319,000. Institutional investors and hedge funds own 59.05% of the company’s stock.
In other Duke Energy news, COO Dhiaa M. Jamil sold 3,800 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $76.98, for a total transaction of $292,524.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director E Marie Mckee sold 2,006 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $77.49, for a total transaction of $155,444.94. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.
A number of equities analysts have recently issued reports on DUK shares. Royal Bank of Canada reiterated a “buy” rating and issued a $90.00 price target on shares of Duke Energy in a report on Wednesday, March 14th. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Wednesday, May 30th. Bank of America upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and set a $81.00 target price for the company in a report on Wednesday, June 20th. Morgan Stanley dropped their target price on shares of Duke Energy from $84.00 to $79.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. Finally, SunTrust Banks set a $80.00 target price on shares of Duke Energy and gave the company a “hold” rating in a report on Monday, March 26th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $82.57.
Duke Energy opened at $79.08 on Friday, Marketbeat reports. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.80. The stock has a market cap of $55.54 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 3.63 and a beta of 0.12. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.39 and a current ratio of 0.64.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, May 10th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.14. Duke Energy had a net margin of 12.33% and a return on equity of 8.10%. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the company earned $1.04 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities research analysts expect that Duke Energy Corp will post 4.7 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 18th. Shareholders of record on Friday, May 18th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $3.56 annualized dividend and a dividend yield of 4.50%. Duke Energy’s dividend payout ratio is currently 77.90%.
About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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